State Pension data for Self-Assessment

greenglide

For most people who don't have a rate change during the year it is just 52 times the weekly rate. HMRC do tend to ignore the fact that the uprating of the pension is quite often in the second week of the tax year. This will be why DWP gave given an amount up to 12/04 so that they can lump all of the payments at that rate into the same tax year.

polymaff

greenglide wrote: »

For most people who don't have a rate change during the year it is just 52 times the weekly rate. HMRC do tend to ignore the fact that the uprating of the pension is quite often in the second week of the tax year. This will be why DWP gave given an amount up to 12/04 so that they can lump all of the payments at that rate into the same tax year.

Well, that was what I was thinking - and I asked DWP last week if this is how they report to HMRC. The chap's answer - yes - was in a very "wot-eva" tone, so I just noted it - but it might actually be the algorithm they use - in which case this secret BR735 might actually be a the real McCoy.

greenglide

All that DWP report to HMRC is the weekly rate and the date it was payable from.

Nothing at all sophisticated, trust me.

polymaff

greenglide wrote: »

All that DWP report to HMRC is the weekly rate and the date it was payable from..

If that is so, why isn't HMRC correctly pre-populating the relevant SA field?

greenglide

Lots of possible reasons, mainly connected with IT failures / shortcomings of one kind or another.

Out of 12 million or so state pension recipients they have to make a few mistakes:-;

polymaff

greenglide wrote: »

Lots of possible reasons, mainly connected with IT failures / shortcomings of one kind or another.

Out of 12 million or so state pension recipients they have to make a few mistakes:-;

HMRC incompetence - nothing else - and that HMRC incompetence affects every new State Pensioner.

"power without responsibility — the prerogative of the harlot through the ages" (Stanley Baldwin)

mgdavid

polymaff wrote: »

....and that HMRC incompetence affects every new State Pensioner.
........

a tad sweeping generalisation there, and demonstrably incorrect.

polymaff

mgdavid wrote: »

a tad sweeping generalisation there, and demonstrably incorrect.

For those who fall outside the Income Tax net entirely, OK, but for the others, this applies

mgdavid

polymaff wrote: »

For those who fall outside the Income Tax net entirely, OK, but for the others, this applies

Not if one is in deferment.

I also dare to suggest you read post #8 again, slowly.
This is a non-problem.

polymaff

mgdavid wrote: »

Not if one is in deferment.

I also dare to suggest you read post #8 again, slowly.
This is a non-problem.

In deferrment one is not a State Pensioner. When one (re)commences claiming, one suffers this taxation problem.

Post#8 misses the point about the discrepancy between BR735 data and HMRC's own suggestions as to how the number of weeks is derived.